Medicare tax

Definition of "Medicare tax"
  1. A 2.9% levy on an individual's income, split equally between the employee and employer to fund federal health insurance programs
How to use "Medicare tax" in a sentence
  1. His paycheck was slightly less due to the Medicare tax deduction.
  2. The company allocated funds to pay the employer's portion of the Medicare tax.
  3. She noticed a small decrease in her salary due to the Medicare tax.
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